15,672 Shares in Allstate Corp (ALL) Acquired by HM Payson & Co.

HM Payson & Co. bought a new position in Allstate Corp (NYSE:ALL) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 15,672 shares of the insurance provider’s stock, valued at approximately $1,547,000.

Several other large investors also recently bought and sold shares of ALL. Bradley Foster & Sargent Inc. CT purchased a new position in Allstate during the 2nd quarter valued at about $208,000. Tdam USA Inc. raised its holdings in shares of Allstate by 14.4% in the 2nd quarter. Tdam USA Inc. now owns 4,895 shares of the insurance provider’s stock worth $447,000 after acquiring an additional 616 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Allstate by 8.3% in the 2nd quarter. TD Asset Management Inc. now owns 160,100 shares of the insurance provider’s stock worth $14,612,000 after acquiring an additional 12,274 shares during the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Allstate in the 2nd quarter worth about $212,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Allstate by 8,404.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,041 shares of the insurance provider’s stock worth $186,000 after acquiring an additional 2,017 shares during the last quarter. 77.00% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Jesse E. Merten sold 696 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total transaction of $64,115.52. Following the completion of the transaction, the executive vice president now directly owns 2,102 shares of the company’s stock, valued at approximately $193,636.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harriet K. Harty sold 10,515 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $98.87, for a total transaction of $1,039,618.05. Following the transaction, the executive vice president now directly owns 14,606 shares of the company’s stock, valued at $1,444,095.22. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the stock. Argus lowered their target price on shares of Allstate from $115.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Co set a $100.00 target price on shares of Allstate and gave the stock a “hold” rating in a report on Thursday, November 15th. Credit Suisse Group set a $112.00 price objective on shares of Allstate and gave the company a “buy” rating in a research note on Wednesday, November 14th. Morgan Stanley decreased their price objective on shares of Allstate from $105.00 to $102.00 and set a “hold” rating for the company in a research note on Wednesday, November 14th. Finally, Citigroup decreased their price objective on shares of Allstate from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $102.92.

NYSE:ALL opened at $89.19 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $30.72 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.20 and a beta of 0.87. Allstate Corp has a 52 week low of $86.77 and a 52 week high of $105.36.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.28). Allstate had a net margin of 9.38% and a return on equity of 15.48%. The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Allstate Corp will post 8.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, November 30th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 29th. Allstate’s dividend payout ratio is currently 27.42%.

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Allstate Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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